Crypto-exchanger Binance is planning to create an open blockchain Binance Chain, whose purpose will be the transfer and trade of crypto-assets, as well as the further development of crypto-technologies. In the official message it is said that with the launch of the blockchain of crypto-exchanger Binance “will move from company to community”.
As an internal Binance Chain token, the current coin Binance Coin (BNB) will be used, which is upgraded for this. Against the backdrop of the news, the BNB rate rose from $ 8 to $ 11 in a few hours, after which it retreated to $ 9.70.
Meanwhile, the data analyst at Blocklink.info and the author of Medium under the name BambouClub published his estimate of the fair price of Binance Coin, which in his opinion is about $ 39. His calculations are based on the assumption of the trader and investor Silvain Ribes that the trading volumes on the Binance crypto-exchanger can be heavily overridden by fictitious transactions.